INDEPENDENT BANK (NASDAQ: INDB) director granted shares, withholds 360 for tax

Rhea-AI Filing Summary

INDEPENDENT BANK CORP director Gerard F. Nadeau reported a compensation-related share award and related tax withholding. On March 12, 2026, he received 1,337 shares of Common Stock as a vested performance stock award at $0.0000 per share. To cover tax obligations, 360 shares were disposed of at $74.0025 per share, a non-market tax-withholding transaction rather than an open-market sale. After these events, he held 21,372 directly owned shares of Common Stock. The filing also notes indirect holdings recorded in his name for a daughter and son, with 269.5331 and 271.9090 shares respectively, accompanied by disclaimers that these should not be construed as beneficial ownership under Section 16.

Insights

Equity compensation analyst

Routine equity award with tax withholding; no open-market trading signal.

Gerard F. Nadeau, a director of INDEPENDENT BANK CORP, received 1,337 shares of Common Stock through vesting of a performance stock award on March 12, 2026. This is standard equity compensation and not an open-market purchase.

To satisfy tax obligations on the vesting, 360 shares were delivered back to INDEPENDENT BANK CORP at $74.0025 per share. This F-code transaction is a tax-withholding disposition, not a discretionary sale, and does not by itself indicate a change in sentiment.

Following these transactions, Nadeau directly held 21,372 shares. Additional shares recorded for his daughter and son carry explicit disclaimers of beneficial ownership under Section 16. Overall, the filing reflects routine compensation mechanics rather than a thesis-changing insider trade.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Nadeau Gerard F

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,337	$0.00	--
Tax Withholding	Common Stock	360	$74.0025	$27K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 21,732 shares (Direct); Common Stock — 269.533 shares (Indirect, by Daughter)

Footnotes (1)

1. Shares issued pursuant to vest of performance stock award granted to the Filer by Independent Bank Corp. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation. Shares held in Filer's name f/b/o daughter. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the beneficial owner of such securities. Shares held in Filer's name f/b/o son. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the beneficial owner of such securities.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nadeau Gerard F

(Last) (First) (Middle)

C/O INDEPENDENT BANK CORP.

288 UNION STREET

(Street)

ROCKLAND MA 02370

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [ INDB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		A		1,337(1)	A	$0	21,732	D
Common Stock	03/12/2026		F		360(2)	D	$74.0025	21,372	D
Common Stock								269.5331	I	by Daughter(3)
Common Stock								271.909	I	by Son(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares issued pursuant to vest of performance stock award granted to the Filer by Independent Bank Corp.

2. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.

3. Shares held in Filer's name f/b/o daughter. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the beneficial owner of such securities.

4. Shares held in Filer's name f/b/o son. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the beneficial owner of such securities.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for Gerard F. Nadeau	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did INDB director Gerard F. Nadeau report on March 12, 2026?

Gerard F. Nadeau reported receiving 1,337 shares of INDEPENDENT BANK CORP Common Stock from a vested performance stock award, and a 360-share tax-withholding disposition back to the company at $74.0025 per share, reflecting routine equity compensation activity.

Did Gerard F. Nadeau buy or sell INDB shares on the open market in this Form 4?

The Form 4 shows no open-market buys or sells. It reports a grant of 1,337 shares as a performance award and a 360-share F-code disposition to INDEPENDENT BANK CORP solely to satisfy tax withholding obligations on the vesting.

How many INDB shares does Gerard F. Nadeau hold after these transactions?

After the reported transactions, Gerard F. Nadeau directly holds 21,372 shares of INDEPENDENT BANK CORP Common Stock. The filing also lists smaller indirect positions for a daughter and son, but expressly disclaims beneficial ownership of those indirect holdings under Section 16.

What does the tax-withholding disposition in Gerard F. Nadeau’s INDB Form 4 mean?

The tax-withholding disposition reflects 360 shares delivered back to INDEPENDENT BANK CORP at $74.0025 per share to cover taxes on a vested performance award. This F-code event is a mechanical tax payment, not a discretionary market sale of INDB shares.

How are Gerard F. Nadeau’s family-related INDB share holdings treated in this Form 4?

The Form 4 notes Common Stock held in his name for a daughter and son, totaling 269.5331 and 271.9090 shares respectively. It specifically states these entries should not be viewed as admissions of beneficial ownership for Section 16 purposes.